JNL/PIMCO Investment Grade Corporate Bond Fund

C000108994 Fund Overview

JNL/PIMCO Investment Grade Corporate Bond Fund is a US mutual fund managed by Jackson Variable Series Trust, categorised as Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Jackson Variable Series Trust
• Category: Corporate Bond
• Assets under management: $1.26B
• SEC CIK: 0001532747
• SEC series ID: S000035583
• Share class ID: C000108994

C000108994 Investment Objective and Strategy

JNL/PIMCO Investment Grade Corporate Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Jackson Variable Series Trust.

Investment objective

The investment objective of the JNL/PIMCO Credit Income Fund (the Fund) is to seek maximum total return, consistent with preservation of capital and prudent investment management.

Principal investment strategy

The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets (net assets plus the amount of any borrowings made for investment purposes) in a diversified portfolio of investment grade corporate fixed income securities of varying maturities, which may be represented by forwards, repurchase agreements, reverse repurchase agreements or loan participations and assignments or derivatives such as options, futures contracts or swap agreements. Assets not invested in investment grade corporate fixed income securities may be invested in other types of Fixed Income Instruments. Fixed Income Instruments include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public-or private-sector entities. The average portfolio duration of this Fund normally varies within two years (plus or minus) of the duration of the Bloomberg Barclays U.S.

Credit Index, as calculated by Pacific Investment Management Company LLC, the Funds sub-adviser (the Sub-Adviser). Duration is a measure of the expected life of a fixed income security that is used to determine the sensitivity of a securitys price to changes in interest rates. The Fund invests primarily in investment grade debt securities, but may invest up to 15% of its total assets in high yield securities (junk bonds) , as rated Moodys Investors Service, Inc. (Moodys), Standard and Poors Ratings Services (S&P) or Fitch, Inc. (Fitch), or, if unrated, determined by the Sub-Adviser to be of comparable quality. The Fund may invest up to 30% of its total assets in securities denominated in foreign currencies, and may invest beyond this limit in U.S. dollar-denominated securities of foreign issuers.

The Fund may invest up to 30% of its total assets in securities and instruments that are economically tied to emerging market countries. The Fund will normally limit its foreign currency exposure (from non-U.S. dollar-denominated securities or currencies) to 20% of its total assets. The Fund may invest, without limitation, in derivative instruments, such as options, futures contracts or swap agreements, or in mortgage-or asset-backed securities, subject to applicable law and any other restrictions described in the Funds Prospectus or Statement of Additional Information (SAI). The Fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis and may engage in short sales. The Fund may, without limitation, seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as buy backs or dollar rolls).

The total return sought by the Fund consists of income earned on the Funds investments, plus capital appreciation, if any, which generally arises from decreases in interest rates, foreign currency appreciation, or improving credit fundamentals for a particular sector or security. The Fund may also invest up to 10% of its total assets in preferred stocks.

C000108994 Costs and Fees

C000108994 costs about $91 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.91%
• Gross expense ratio: 0.91%
• Portfolio turnover: 125%
• Brokerage commissions: 0.15 bps of average net assets (SEC N-CEN)

C000108994 Cashflows

Over the 12 months to 2020-03, JNL/PIMCO Investment Grade Corporate Bond Fund had net inflows of $744.30M, from monthly SEC N-PORT filings.

C000108994 Debt Constituents

No individual debt constituents are reported in JNL/PIMCO Investment Grade Corporate Bond Fund's latest SEC N-PORT filing.

C000108994 Prospectus and SEC Filings

Official JNL/PIMCO Investment Grade Corporate Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-05-15
• Prospectus (485BPOS) — filed 2018-05-16
• Prospectus (485BPOS) — filed 2017-10-11
• Portfolio holdings (N-PORT) — filed 2020-05-28
• Portfolio holdings (N-PORT) — filed 2020-02-28
• Portfolio holdings (N-PORT) — filed 2019-11-27
• Annual census (N-CEN) — filed 2019-03-15
• Annual census, amended (N-CEN/A) — filed 2020-03-16

Related Funds

Other Corporate Bond funds tracked on ABC INVEST:

• First Trust Preferred Securities and Income ETF (FPE)
• Nuveen Preferred Securities and Income Fund (NPSAX)
• Spectrum Preferred and Capital Securities Income Fund (PNARX)
• Invesco Variable Rate Preferred ETF (VRP)
• First Trust Institutional Preferred Securities and Income ETF (FPEI)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.